This study assessed the impact of the Komadugu-Yobe Wetlands Development Initiative project on income, agricultural production, and standard of living of the people. Primary data were obtained by the use of structured questionnaire that was administered to 456 respondents comprising the project participants and non- participants. Descriptive statistics, logistic regression, and Chow test were used to analyze the data collected. The findings on the socio-economic variables revealed that the mean age of the participants was 36 years and participants were younger in terms of age distribution, the participants were relatively more educated than the non-participants, the participants were also organized in to a viable associations under the project, and the average years of farming experience of participants was 15 years while the non-participants had about 14 years. It was also found that majority (85.5) of the participants have not benefitted from credit facilities. The logistic regression analysis shows that the socio-economic characteristics such as age (0.022**), level of education (0.000*), farm size (0.018*), Household size (0.224*), membership of cooperatives (0.022*), and access to credit (0.023**) were the most important variables that predicted farmer's participation in the project. The results of the Chow test show that the F- calculated values on income, crop output and living standard were greater than the F- tabulated values. It has been concluded that the Komadugu-Yobe Basin Wetlands Development Initiative project had positive impact on the participants of the project. It is recommended that the project should register more participants as the activities of the project had impacted positively on the lives of the participants, so as to provide more employment opportunities for the youth in the area. Access to loan happened to be a factor that militates against the enhancement of crop production in the study area. It is recommended that farmers in the study area be linked with financial institutions or Government agencies by the project to access loan to boost crop production in the area. Extension activities which play a significant role in extending information to farmers should be revived by the Government as the ratio of an extension agent to farmers is very low, when extension problems are solved, crop production in the area would be enhanced.